Warm Southern Breeze

"… there is no such thing as nothing."

The Trump Depression

Posted by Warm Southern Breeze on Sunday, October 18, 2020

Trump’s economy is SO BAD

How bad is it?

Trump’s economy is so bad, that he has LOST MORE than was gained under his administration.

When he took the Oath of Office in January 2017, POS45 was given a THRIVING economy by his predecessor, the Black Democratic President (that’s GOT to gall POS45, don’t you know!?!) Barack Hussein Obama.

Federal Reserve Economic Data (FRED) from the St. Louis Federal Reserve, presented graphically data from the U.S. Bureau of Economic Analysis about our national economy.

And, just for funsies, and perspective, data from the First Quarter 2005 until Current – 2nd Quarter 2020 is shown.

And as you can see plainly, the last time the economy was performing at this level, was in the 1st Quarter 2015 – over 5 years ago.

5ive years.

That would be the next-to-last year of President Obama’s 2nd term.

Yeah.

Trump has

SQUANDERED AWAY EVERYTHING,

AND THEN SOME!

Kinda’ sounds like a Bible parable, or some such thing.

Isn’t that what he’s done historically with his casinos and their 6 associated Chapter 11 bankruptcies?

But look also at this: The sudden precipitous decline, the rapidly massive downturn in Trump’s economy is the WORSTTHE WORST (he likes superlatives) – since records began being kept in 1947. Maybe even worse than the Great Depression.

But look also at this: The sudden precipitous decline, the rapidly massive downturn in Trump’s economy is the WORSTTHE WORST (he likes superlatives) – since records have been kept in 1947. Maybe even worse than the Great Depression.

Trump’s economy is now at the point
where Obama’s economy was
in the 1st Quarter 2015.

Put another way, Trump has LOST EVERYTHING HE GAINED, and MORE – back to the beginning of the last 2 years of the Obama administration, Q1 2015.

Now, to be certain, those weren’t bad times by a long shot. But when you LOSE EVERYTHING YOU’VE GAINED and MORE… that’s something to be reckoned with.

Here’s some comparative GDP data from the past two administrations to current date.

GW Bush
Q1 2001 – 13,222.69
HIGH Q4 2007 – 15,761.967
GAIN = 2,539.277 / 19.2039%
Q1 2009 – 15,155.94
LOSS = 606.027 (-3.8448%)
NET GAIN = 1,933.25 / 14.6207%

Obama
Q1 2009 – 15,155.94
LOW Q2 2009 – 15,134.117
LOSS = (-21.823) (-0.1439%)
Q1 2017 – 17,977.299 / 18.7865%
NET GAIN = 2,821.359 / 18.6155%

Trump
Q1 2017 – 17,977.299
HIGH Q4 2019 – 19,253.959
GAIN = 1,276.66 / 7.1015%
Q2 2020 – 17,302.511
LOSS = (-1,951.448) (-10.1353%)
NET LOSS = (-674.788) (-3.7535%)

How has YOUR state performed during the Trump Depression?Take a look.

Data from the U.S. Bureau of Economic Analysis

Trump companies that sought bankruptcy protection:

1. Trump Taj Mahal – 1991

2. Trump Castle Hotel & Casino – 1992

3. Trump Plaza Casino – 1992

4. Trump Plaza Hotel – 1992

5. Trump Hotels and Casinos Resorts – 2004

6. Trump Entertainment Resorts – 2009

Trump’s failed businesses:

1. Trump Steaks – 2007

2. GoTrump – 2007

3. Trump Airlines – 1992

4. Trump Vodka – 2011

5. Trump Mortgage – 2007

6. Trump: The Game – 2004

7. Trump Magazine – 2009

8. Trump University – 2010

9. Trump Ice – 2010

10. The New Jersey Generals – 1986

11. Tour de Trump – 1996

12. Trump Network – 2012

13. Trumped! – 2008

 

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